$VSP Vesper Finance blue chip microcap DeFi platform co-founded by @jgarzik and @MatthewRoszak
$20.1m in revenue for 2021 & only has a $29m mcap ($35m fully dilluted). P/E is 1.7.
Yearn has $880B mcap (30x larger). Vesper more professional, focused on safety, & higher APYs.
First DeFi platform to partner with a hedge fund @BlockforceCap with @eervin1 collecting anchor investors now with $700k invested and a $10m seed.
TradFi has $100 trillion in AUM that will be soon be making its way to DeFi protocols to earn superior yield.
@VesperFi is positioning itself for TradFi to hold its capital on their platform with their professional approach and B2B emphasis on onramping Legacy funds.
All strategies are internally audited, externally audited (twice), pushed to beta, then finally to the main platform.
Vesper will be onboarding to @avalancheavax very soon and is planning to go cross-chain (not just multi-chain) this year. This means you can deposit your funds from any L2 or altchain and it will route your funds to the highest yield (including eth mainnet) with minimal tx cost.
Their emissions end on February 17th and already have 85% of supply circulating (8.5m/10m) and all remaining supply are static reserves. VSP at this price point is as good as it gets. I am confident in the team and this project to continue delivering a premium DeFi experience.
"Jeff Garzik is the Co-Founder at Vesper. He is an entrepreneur and software engineer. Jeff is the co-founder and CEO of Bloq. Jeff serves on the board of Coin Center, and the advisory board of BitFury, BitPay, Chain.com, Netki and WayPaver Labs.
Jeff has delivered presentations on bitcoin and blockchain at TEDx, State of Digital Money, many bitcoin conferences, as well as private briefings to corporations, governments, central banks, and hedge funds.
"There's a couple questions on cross-chain (vs multi-chain). I'll bundle all into one response here:
It's not that hard to create contracts that are mapped to other chains (Vesper ETH mainnet / Vesper Polygon). It's not that hard to create simple tokens that mirror their main chain counterparts for trading purposes.